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Reuters cited South Korea's Yonhap News Agency It was reported on Tuesday that the South Korean government decided to provide long-term low-interest financing of about 100 million won (approximately 10,000 U.S. dollars) or more to the troubled Hanjin Shipping.
According to Reuters reports on March 1, the South Korean government decided to inject long-term low-interest financing of 100 million won (approximately 10,000 U.S. dollars) or more into Hanjin to rescue Hanjin Shipping from the crisis. At the same time, the South Korean government has also continued to put pressure on Hanjin Group, the parent company of Hanjin Shipping, requiring it to raise funds from all aspects.
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Financial blog pointed out that about % of the world's manufactured products, from clothing to televisions, are transported through containers. Although Hanjin only accounts for .% of global container shipping capacity, it comes at a time when major global retailers are purchasing goods for the upcoming holidays (such as Thanksgiving and Christmas), so it will benefit other operators.
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